Can I retire at age 71 with 12,900,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $12,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$1,065,270$1,055,781$1,046,523$1,037,487$1,028,664$998,135
2 years$527,361$517,540$508,021$498,792$489,840$459,335
3 years$348,082$338,218$328,723$319,581$310,775$281,250
4 years$258,460$248,626$239,226$230,240$221,647$193,329
5 years$204,701$194,926$185,649$176,846$168,493$141,458
6 years$168,873$159,172$150,032$141,425$133,322$107,595
7 years$143,292$133,672$124,678$116,274$108,427$84,006
8 years$124,114$114,582$105,736$97,539$89,951$66,822
9 years$109,207$99,764$91,071$83,082$75,751$53,891
10 years$97,287$87,937$79,398$71,617$64,544$43,921
11 years$87,542$78,285$69,900$62,328$55,510$36,090
12 years$79,426$70,265$62,035$54,670$48,104$29,847
13 years$72,564$63,499$55,424$48,266$41,947$24,813
14 years$66,688$57,718$49,799$42,845$36,771$20,714
15 years$61,600$52,727$44,962$38,210$32,376$17,352
16 years$57,152$48,376$40,764$34,213$28,614$14,577
17 years$53,231$44,552$37,094$30,740$25,371$12,274
18 years$49,750$41,168$33,862$27,703$22,559$10,355
19 years$46,639$38,154$30,999$25,032$20,107$8,751
20 years$43,843$35,455$28,449$22,671$17,960$7,405
21 years$41,316$33,025$26,168$20,576$16,072$6,273
22 years$39,022$30,828$24,118$18,708$14,407$5,319
23 years$36,931$28,832$22,268$17,038$12,932$4,514
24 years$35,017$27,014$20,595$15,539$11,624$3,834
25 years$33,258$25,351$19,075$14,192$10,460$3,258
26 years$31,638$23,826$17,691$12,976$9,422$2,769
27 years$30,140$22,423$16,427$11,877$8,494$2,355
28 years$28,751$21,129$15,271$10,882$7,665$2,004
29 years$27,461$19,933$14,211$9,979$6,921$1,706
30 years$26,259$18,825$13,237$9,158$6,254$1,452
31 years$25,136$17,796$12,341$8,411$5,654$1,236
32 years$24,086$16,838$11,514$7,730$5,114$1,053
33 years$23,102$15,946$10,751$7,108$4,628$897
34 years$22,178$15,113$10,045$6,540$4,190$764
35 years$21,308$14,335$9,391$6,021$3,795$651
36 years$20,488$13,606$8,785$5,545$3,439$554
37 years$19,715$12,922$8,223$5,109$3,117$472
38 years$18,984$12,281$7,700$4,709$2,826$403
39 years$18,292$11,678$7,214$4,342$2,562$343
40 years$17,636$11,111$6,762$4,005$2,324$292
41 years$17,014$10,576$6,341$3,695$2,109$249
42 years$16,424$10,072$5,948$3,410$1,913$212
43 years$15,862$9,597$5,581$3,148$1,736$181
44 years$15,327$9,148$5,239$2,907$1,576$154
45 years$14,817$8,723$4,919$2,684$1,431$132
46 years$14,332$8,322$4,620$2,479$1,299$112
47 years$13,868$7,941$4,341$2,291$1,180$96
48 years$13,424$7,581$4,079$2,117$1,071$81
49 years$13,001$7,240$3,834$1,956$973$69
50 years$12,595$6,916$3,605$1,808$884$59

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $12,900,000, adding $4,660 every year, while hoping to spend $48,385 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 60/24/16 Blend
70$12,900,000$12,900,000$12,900,000$12,900,000
71$14,220,607$13,536,907$13,336,957$15,015,740
72$15,619,627$14,148,734$13,732,264$16,164,582
73$17,159,726$14,788,919$14,139,191$17,411,485
74$18,855,243$15,458,800$14,558,079$18,770,608
75$20,721,977$16,159,780$14,989,273$20,252,809
76$22,777,337$16,893,329$15,433,133$21,870,027
77$25,040,509$17,660,985$15,890,026$23,635,397
78$27,532,631$18,464,363$16,360,332$25,563,364
79$30,276,995$19,305,153$16,844,439$27,669,821
80$33,299,270$20,185,127$17,342,749$29,972,249
81$36,627,739$21,106,141$17,855,674$32,489,887
82$40,293,567$22,070,142$18,383,639$35,243,902
83$44,331,099$23,079,166$18,927,079$38,257,587
84$48,778,178$24,135,353$19,486,443$41,556,576
85$53,676,506$25,240,939$20,062,193$45,169,083
86$59,072,037$26,398,272$20,654,803$49,126,163
87$65,015,409$27,609,811$21,264,763$53,461,996
88$71,562,422$28,878,134$21,892,574$58,214,211
89$78,774,567$30,205,940$22,538,753$63,424,231
90$86,719,604$31,596,062$23,203,832$69,137,659
91$95,472,200$33,051,465$23,888,357$75,404,702
92$105,114,637$34,575,260$24,592,890$82,280,643
93$115,737,588$36,170,706$25,318,010$89,826,350
94$127,440,969$37,841,218$26,064,310$98,108,845
95$140,334,887$39,590,376$26,832,404$107,201,935
96$154,540,675$41,421,934$27,622,919$117,186,894
97$170,192,040$43,339,825$28,436,503$128,153,226
98$187,436,323$45,348,171$29,273,820$140,199,502
99$206,435,890$47,451,294$30,135,556$153,434,279
100$227,369,667$49,653,724$31,022,413$167,977,120